France's National Assembly rejects proposals for taxing the ultra-wealthy

France's National Assembly rejects proposals for taxing the ultra-wealthy

• Oct 31, 2025, 4:10 PM

1 min de lecture

France's lower house on Friday rejected two proposals for taxing the ultra-rich after earlier approving a new tax on assets kept in holding companies. A popular proposal from economist Gabriel Zucman called for a 2 percent tax on assets over €100 million while the Socialist Party was seeking a 3 percent tax on assets over €10 million, with broader exemptions.

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